Our History

Asset Alliance Ltd was established in 2010 to meet the need for a dynamic organisation that could deliver specialist commercial vehicle asset finance to UK businesses.

It quickly expanded through acquisition and is now one of the fastest growing new and approved used commercial vehicle and transport providers in the UK today.

Our History Timeline.

2010

2010

Asset Alliance Ltd is established by former Director of Commercial Asset Finance at Alliance and Leicester / Santander Corporate Bank, Willie Paterson. Willie is quickly joined by a small number of former senior colleagues and offices are opened in Lanarkshire and Leeds.

2011

2011

Cabot Square Capital provide an investment fund of £25m and the company completes the key strategic acquisition of ATE Truck and Trailers Sales Ltd based in Wolverhampton and now offers a full range of new and used commercial vehicle assets with workshop and customisation facilities clearly differentiating itself from other lenders in the sector. Asset Alliance Group Holdings Ltd is formed as the parent company.

2013

2013

Asset Alliance Group (AAG) acquires Total Reefer, a refrigerated trailer specialist and the group expands its portfolio of clients and assets in a key strategic niche sector of the transportation industry. Through this acquisition we added a short term rental service to our service offerings.

2014

2014

The group further invests in ATE and opens a second retail operation in Scotland to broaden our reach. This new Scottish base also becomes home to the Group Finance and Risk division. The company quickly expands to over 50 staff and over 1,000 commercial vehicle assets on contract agreements and with over 800 used truck and trailers for sale.

2016

2016

AAG acquires its 3rd specialist commercial vehicle lender / provider, this time extending into the Coach and Bus sector. Forest Asset Finance are a highly regarded specialist in this sector with an enviable, expanding client base. Located in Ringwood, Hampshire, we extend our geographic sales and service reach.

2016

2016

The group achieves a significant further funding investment of £100m with which to expand the business and enables the company to break through the 2,000 contract assets barrier. Staff numbers increase to 100 and turnover doubles to around £40m after 5 years of trading.

2017

2017

AAG completes its most recent acquisition of over 300 light commercial vehicles from Total Traffic Management, further expanding our specialist vehicle options and increasing our assets under contract hire, operating lease, hire purchase, fleet management or rental to over 3,000 assets and closing in on over £100m of annual asset value origination.